-
Debt after 6 years period still being chased
I recently changed my name, back to previous, updated dvla driving licence. Now beong chased for an old debt over 9 years ago, is it correct they can not chase after 6 years. Also how would they get my new address must be dvla? With GDPR surely that is illegal. Help and advice much appreciated
-
Direct auto finance
I bought car off yes car credit over 18 years ago and handed it back around two years later but they sold the debt to Cabot and they are chasing me for over £5000 despite not having this car for over 18 years. I have been paying it back at £5 month but there trying to get more off me which I don’t see why I should pay it’s…
-
Lifechanging Help Needed For Multiple Debts
I would appreciate your assistance in what is a complex situation, thank you in advance. Multiple credit card/loans debts were accrued in 2018 totaling £60k. I now live abroad (outside EU), and have no personal assets. Four separate CCJ's have been issued in 2020 for a total amount of approx £14k. Since 2018, I have not…
-
The first step has been taken...
Good afternoon to all readers. I have today, cancelled all of my direct debits as per the
advice contained within this wonderful forum. I had just had enough. I recently had some unexpected large bills of the veterinary
kind. It has also been necessary to acquire a wheelchair accessible
vehicle and that coupled with the…
-
Drowning in debt, don't know where to start
Hi everyone, I hope you're all well and thank you to all who reply with their advice and experiences. I have got myself tangled up in quite the spiral of debt between my limited company and personal debt. I have a large amount of debt and Im becoming overwhelmed now with not really knowing where to begin, who to pay/not…
-
Please tell me what order to pay my debt off in, thank you so much!
So I'm starting to get this sorted out, talking to creditors and getting on repayment plans, etc, so I have 6 months until they will end.What order would you do when you have about £200 a month spare? Bed loan - £155.40 - 0% - £51.80 - 3mnths left (10mnth plan was £518.80) Overdraft - £400 - constantly in this - £12.32 a…
-
Nothing left to pay creditors
Hi, I have been in a DMP with PayPlan for 2 years and have paid off 2.5k with 7.5k remaining. However, I am about to move and my new mortgage is huge. After my priority bills, I have nothing left to pay. What will happen?
-
Moorcroft
Hi allMy cc defaulted last November, was passed to wescott for a few months then went back to the bank . I didn't hear anything for 8 months but today the bank has writtlten to me to say they've asked moorcroft to take responsibility for my account but they will only use my information in accordance with the banks…
-
Rubbish
Hello. I'm a bit rubbish with money to be honest. Earn an ok income (42k) and have a small savings (4.5k- kept for car breakdown etc). I rent. I have 10k in unsecured debts costing me around 400 a month in repayments. I have a PCP car but this is essential (249 a month). I'm overdrawn every month. Not by a huge amount but…
-
Getting a default date changed after being sold on
Morning all, I wondered if i could pick your brains for advice on what i may be able to get done for my default. I entered into a DMP with step change in April 2020. I had 4 creditors that all accepted it and removed interest and charges. One of them defaulted me within 3 months (mid July 2020) which is completely expected…
-
6 Years Later - An update on £100k+ Debt
In December 2016 I posted this thread: https://forums.moneysavingexpert.com/discussion/5573798/huge-amounts-of-debt-advice-on-dmp-needed/p1 I had just found out that my wife at the time (no longer married) had hidden £50k in credit card and loan debt (I later found more - it actually turned out to be closer to £80k) and we…
-
Old Debt 2019 Barclaycard
I have a Barclaycard debt for £7000, I had help from Step change Charity in 2019 to repay my debts. They contacted Barclay Card to stop the interest and froze the account for me to pay back. I then defaulted in 2019, COVID came I had a baby and moved house and I completely forgot about it until recently when I searched my…
-
Book recommendations on budgeting?
I feel utter despair at my financial situation. I am 45 and still seem unable to budget. I used to "binge spend" to comfort myself although that's got a lot better (I paid off £17k of debt!) I still seem incapable of managing my finances. I paid myself a salary a week ago and by the time everything goes out I'll be £200…
-
Feeling desperate
Hi, my wife and I currently have a mortgage of £110,000, a secured loan of £24,000, two personal loans, one in each name of £8000 each. My wife has three credit cards totally £ £6000. We are due to go onto a new deal or variable rate in December. My wife is unwell and has mental health issues, other issues and ADHD (hence…
-
PRA Group - How to respond?
Hi, I received the attached text from PRA Group. After quick search I realise they are a debt agency. But this is the first I have heard about it as I have no debts (that I am aware of!!) Another thing to point out is that I received this not on my main mobile number that I have used for years, but on an O2 PAYG mobile…
-
Any advice, got credit cards, loans, and more.
I'm not sure this is the right category for me as my situation would happily fit into 3 (or maybe more) categories. My situation is a little difficult in the short term and is definitely unsustainable as is, but it's also potentially changing fairly quickly. I'm looking for advice any sensible actions I could take to cut…
-
Credit Card Arrears Scotland. Lender Wants Me to Fill Out Their Budget Planner.
I have built up approximately £14400 of debt spread over 4 credit cards, and an overdraft. In the past year I started struggling to pay the credit cards, and stopped paying them roughly 4 to 5 months ago. I am coming to the end of the ‘breathing space’ arrangements for the cards, and now have to setup some sort of payment…
-
Handy guide to choosing a debt solution.
here is the Christians Against Poverty quick pros and cons to various debt solutions. ( zoom in) note the DRO fee is now free and the limit now £50000 and vehicle limit now £4000 thought this might be useful as a sticky
-
Gambling and Debt Management.
Hi all. Long story short. I have had a gambling problem for many many years. Previously never borrowed to gamble and always paid my bills. However recently I have made a mess. Current debts £36k personal loans. One loans provided by current account provider that was aware I had a gambling problem for months and years prior…
-
End of my tether
Hi all. I’m really struggling with my debt that is spiralling out of control. I’ve had issues with gambling in the past but am resolving this. I have 4 credit cards and a loan of £9k totalling around £23k. I’m also going through a divorce where I will be getting some equity but when is another question. I just get paid and…
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
1.2K discussions
412.3K comments
Most recent: NST September 2025: Keep It Simple! by weenancyinAmerica
Today at 1:26AM
